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Want to directly involve in the five-hub strategy in a big way Two new export zones coming, will act as India’s supply chains India to double bilateral trade to $ 10 b by 2015 $ 5 b Indian investments in various sectors now lined up $ 5 b investments are apart from huge outlay ...
New York: Muslim tourists globally represent a lifestyle tourism market worth $ 126.1 billion in 2011, and growing at a rate of 4.8 per cent through 2020, compared to global average of 3.8 per cent, a study said. The new ground-breaking study, ‘Global Muslim Lifestyle Travel Market: Landscape & Consumer Needs,’ highlights how airlines, tourism ...
Russia has reiterated its continued support to Sri Lanka which is advancing as an independent state achieving the goals. Russian Ambassador to Sri Lanka Vladimir P. Mikhailov made this reiteration during a meeting with Prime Minister D.M. Jayaratne. The Russian diplomat paid this courtesy call
According to the Thai Ministry of Tourism and Sports, Thailand recorded a 31% y-o-y increase in tourism receipts in 2011. The total earnings of 776 billion Baht (US$25.45 billion) were also well above the original target of 716 billion Baht (US$ 23 billion). The growth in total number of visitors is being matched by increased ...
With affluence improving post-war as well as its value for money, Sri Lanka is among the fastest growing markets for tourism in Thailand. According to official data from Thailand, visitors from Sri Lanka grew by 20.85% to 32,878 in the first half of this year. Percentage growth wise it is one of the highest apart ...
The Tourism Authority of Thailand has unveiled a series of strategies designed to maintain, enhance and promote Thailand’s brand image, marketing profile and visitor arrivals. TAT has set a 2013 target of 22.22 million international visitor arrivals, generating estimated foreign exchange revenues of 966 billion Baht (US$ 30.62 billion, based on the exchange rate of ...
US based Marriott International said in a statement that it has signed up with Sri Lanka's East West Properties Plc, to open a 200-room hotel in Weligma, in 2014.The 11-storey Weligama Bay Marriott Resort & Spa, will be operated under Marriott's flagship Marriott Hotels & Resorts brand. "Sri Lanka is a destination that has great potential and opportunity and we hope to capitalise...
By Cassandra Mascarenhas Setting its sights on placing Sri Lanka in the global economy and expanding its reach in overseas markets, the Sri Lanka Economic Summit 2012, the Ceylon Chamber of Commerce’s annual flagship event, aptly themed ‘Positioning Sri Lanka in the Global Economy,’ commenced last evening at the Cinnamon Grand. In the context of ...
Tie-up with East West Properties to see 200-room, 11-storey Weligama Marriott Resort and Space come up in mid 2014Marriott International has announced the signing of an agreement with Weligama Hotel Properties Ltd., a fully-owned subsidiary of East West Properties PLC, to open a hotel in Sri Lanka – the Weligama Marriott Resort & Spa in ...
WASHINGTON: Developing countries should prepare for a long period of volatility in the global economy by re-emphasising medium-term development strategies, while preparing for tougher times, says the World Bank in the newly-released Global Economic Prospects (GEP), June 2012. A resurgence of tensions in high-income Europe has eroded the gains made during the first four months ...
The International Air Transport Association (IATA) on Tuesday announced in Beijing that South African Airways will host the 69th Annual General Meeting (AGM) and World Air Transport Summit (WATS). The event will draw the top leadership of the air transport industry to Cape Town’s International Convention Centre from 2 to 4 June 2013. “South Africa ...
Fresh push to woo Chinese tourists and tap greater share of two-way traffic, including to Maldives Upgrade brings total flights to four cities in China including Hong Kong to 21 per week By Nisthar Cassim in Beijing, China In a fresh push to woo more Chinese tourists as well as cater to growing two-way traffic, ...
Given one month extension pending reconstitution Adding to the confusion and controversies, the Board of Directors of the BOI is in limbo with subject Ministry Secretary Dr. P.B. Jayasundera giving it a month’s extension. The move follows the tenure of the members of the Board ending recently and until the latest extension indicated this week, ...
A document named ‘Growing Together’ prepared by UNESCAP for the sixty sixth session of ESCAP states that the realisation of what is termed as the ‘Asia Pacific century’ will depend on the region’s ability to harness the potential of regional economic integration. A shared history and culture, complementarities arising from their very different levels of ...
Wide publicity has been given to the events unfolding at the Sri Lanka Tourism regarding the resignation of the Chairman from Sri Lanka Tourism Promotion Bureau, Sri Lanka Institute of Tourism and Hotel Management and Sri Lanka Convention Bureau and the performance of the Board of Investment. The media reports have given the impression that ...
After the LTTE was defeated, a campaign designed to promote Sri Lanka as a leisure and investment destination labelled ‘The Small Miracle’ was shot down, ostensibly on the ground that the miracle was in no way ‘small’. The marketing value in Sri Lanka’s compact size, our rich biodiversity, the diversity of leisure locations and physical ...
MACAU,(Reuters): Russia is placing bets that plans to build a gambling and entertainment zone near the port city of Vladivostok will lure investors who have spent big money on casinos for Asian gamblers in Macau and Singapore. Vladivostok, located near China and known more for its oil and gas pipes
The UNWTO has welcomed the Declaration issued by the Tourism Ministers of the G20 economies (T20) calling for priority to be given to facilitating travel as a means to boost economic growth and create jobs. The Declaration states, “To ensure that tourism can play a key role in creating employment opportunities, both directly and indirectly ...
Expolanka Holdings PLC yesterday acquired the controlling stake in Akquasun Holidays India (Pvt) Ltd. at a cost of US$ 915,000, thus further consolidating both its presence and strength in the leisure and travel sectors. Akquasun Holidays, the Mumbai-based destination management specialist is a B2B Destination Management network company. Primarily mandated to attracting traffic from emerging ...
Expolanka Holdings PLC yesterday acquired the controlling stake in Akquasun Holidays India (Pvt) Ltd. at a cost of US$ 915,000, thus further consolidating both its presence and strength in the leisure and travel sectors. Akquasun Holidays, the Mumbai-based destination management specialist is a B2B Destination Management network company. Primarily mandated to attracting traffic from emerging ...
mandated to attract traffic from emerging markets like India, Russia and China. “This acquisition gives ...
Sri Lanka’s largest business chamber has signed a deal with an organization representing Brazil, Russia, India, China and South Africa (BRICS) to increase trade ties. The Ceylon Chamber of Commerce said it had inked the agreement with the Chamber for Promotion and Economic Development
The Ceylon Chamber of Commerce (CCC) signed a cooperation agreement with the Chamber for Promotion and Economic Development of the BRICS Countries (Brazil, Russia, India, China and South Africa) called ‘BRICS-PED’ recently. This special agreement will initially promote an identified
Ceylon Chamber of Commerce has signed a co-operation agreement with the Chamber for Promotion and Economic Development of the BRICS countries to promote trade. Under the agreement, CCC will initially promote an identified range of products and services between Sri Lanka and BRIC countries and also facilitate alliances on reciprocal basis. The agreement has come into effect ...
Dubai’s rapidly-expanding hotel industry has posted an all-time high of Dh16 billion ($4.35 billion) in revenues during the first quarter of 2012, marking an increase of 24% over last year’s figures. Dubai hotels also showed a nine% increase in guest numbers (which crossed the nine million mark), 22% jump in guestnights and a 12 per ...
Sri Lanka’s embassy in Russia has completed an innovative project to further promote Sri Lanka as the preferred tourism destination among the Russian people. Under this project, which was ably supported by Sri Lanka Tourism, they have compiled a tourist guidebook on Sri Lanka in the Russian
Prospects for the global economy are slowly improving again, but growth is expected to be weak, especially in Europe, and unemployment in many advanced economies will stay high, according to the IMF’s latest forecast. Although action by policymakers in Europe and elsewhere has helped to reduce vulnerabilities, risks of a renewed upsurge of the crisis ...
Apr 17, Colombo: The Sri Lanka Embassy in Moscow, Russia has published a Catalogue of Tourism in Sri Lanka in Russian language to promote Sri Lanka as a tourist destination in Russia and the Commonwealth of Independent States (CIS) countries including Ukraine, Belarus and Kazakhstan .
Sri Lanka has compiled a tourist guide book in Russian language to promote the Island nation among the people of the former communist country. The initiative, which is a move by the Sri Lankan embassy in Russia, contains the country profile, places to visit in Sri Lanka, information
Sri Lanka’s embassy in Russia has completed an innovative project to further promote Sri Lanka as the preferred tourism destination among the Russian people. Under this project, which was ably supported by Sri Lanka tourism, they have compiled a Tourist Guide Book on Sri Lanka in the Russian